Author: Jay Peters
Illustration by Alex Castro / The Verge
Amazon’s growth has slowed down in recent quarters after surging during the pandemic, but the company is expecting things to pick up soon. In its second quarter earnings release on Thursday, Amazon said that its net sales grew just 7 percent year over year but that they’ll go up by an estimated 13 to 17 percent in the third quarter — which will account for sales from the company’s massive Prime Day shopping extravaganza.
Sales growth has been on a steady decline for more than a year at Amazon:
While we don’t yet know the specific results from this year’s Prime Day, which took place earlier in July, Amazon has claimed that it was the “...
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Illustration by Alex Castro / The Verge
Amazon’s growth has slowed down in recent quarters after surging during the pandemic, but the company is expecting things to pick up soon. In its second quarter earnings release on Thursday, Amazon said that its net sales grew just 7 percent year over year but that they’ll go up by an estimated 13 to 17 percent in the third quarter — which will account for sales from the company’s massive Prime Day shopping extravaganza.
Sales growth has been on a steady decline for more than a year at Amazon:
- Q2 2021: 27 percent
- Q3 2021: 15 percent
- Q4 2021: 9 percent
- Q1 2022: 7 percent
- Q2 2022: 7 percent
While we don’t yet know the specific results from this year’s Prime Day, which took place earlier in July, Amazon has claimed that it was the “...
Continue reading…
Continue reading...